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Council OKs five‑year tax abatement for downtown redevelopment at 213 West Main
Tupelo City Council · December 17, 2025
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Summary
Council approved a five‑year commercial ad valorem tax exemption for 213 West Main Street (formerly the CREATE office), citing $1,000,000 purchase price and $804,363.17 invested in revitalization; the program freezes property taxes at pre‑redevelopment valuation.
The Tupelo City Council on Dec. 16 approved a five‑year commercial ad valorem tax exemption for 213 West Main Street, a downtown property formerly housing the CREATE office.
City staff said the property sold for $1,000,000 and the new owner has invested $804,363.17…
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